Ready-To-Eat Food Industry is Expected to Reach $ 258.7 Billion by 2031 - Bakkavor Foods Ltd, McCain Foods, 2 Sisters Food Group, Orkla ASA

The Global Ready-To-Eat Food Market USD 172.5 million in 2022 and is projected to witness lucrative growth by reaching up to USD 258.7 million by 2031. The market is growing at a CAGR of 5.2% during the forecast period 2024-2031.

Health-conscious consumers are driving demand for plant-based, gluten-free, and organic ready-to-eat options. Convenience is a key factor, with consumers seeking easy-to-prepare, on-the-go meal solutions that fit their busy lifestyles. Portion-controlled and single-serve packaging, along with innovations that enhance portability, are highly sought after. Additionally, there is growing interest in ready-to-eat meals featuring diverse and exotic flavors, leading to an increase in globally inspired options.

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Market Trends:

The rise in working women, who made up 47.7% of the global workforce in 2020, has significantly boosted the ready-to-eat food market. With demanding professional schedules, many women seek convenient meal solutions that save time on cooking, meal planning, and grocery shopping. Ready-to-eat foods provide a hassle-free option, easily accessible from grocery stores, convenience stores, or online, requiring minimal preparation. This trend towards convenience is driving market growth for ready-to-eat food products.

Segment Covered in the Ready-to-Eat Food Market:
By Food Type: Fruits & Vegetable-Based, Cereal-Based, Meat and Poultry, Others
By Packaging: Frozen, Canned, Chilled, Retort, Others
By Distribution Channel: Hypermarket/Supermarket, Convenience Stores, Online Sales, Others

Regional Analysis:
The global ready-to-eat food market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The global ready-to-eat food market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The ready-to-eat food market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Major Key Players
• Bakkavor Foods Ltd
• McCain Foods
• 2 Sisters Food Group
• Orkla ASA
• ITC Limited
• General Mills Inc.
• Premier Foods Group Ltd
• Nomad Foods Ltd
• Nestle
• Conagra Brands Inc.

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